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Logitech

338 bytes added, 15:04, 1 July 2009
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''''Logitech''' is one of the world’s leading providers of computer peripherals: its number of employees surpasses 8,000, its products are sold in more than 100 countries and are used for gaming consoles, home-entertainment systems, personal computers, iPod/MP3 players, and mobile phones, which it distributes through retailers as well as through major computer manufacturers <ref> Logitech, [http://www.logitech.com/lang/pdf/logitech_history_2006.pdf "Logitech Profile and History"], ''Logitech Website'', PDF Document, pg.1, Accessed December 2008</ref> In 2009 ''Business Week Online'' reported that computer mice made up almost 24% of Logitech's sales and keyboards account for 17% <ref>Hesseldahl, Arik. "Logitech's Crummy Earnings: A Bad Omen." Business Week Online 21 Jan. 2009: 2-2. Print.</ref>.
==Company Historyhistory==
Logitech is the brainchild of college friends [[Daniel Borel ]] and [[Pierluigi Zappacosta]], who met at Stanford University, in Palo Alto, California. They originally worked together on a word-processing system which they sold as a prototype to the Swiss company '''[[Bobst''']]. Shortly thereafter, Borel and [[Giacomo Marini]], a former Olivetti engineer and friend of Zappacosta, undertook a collective business venture: they founded Logitech S.A., on Oct. 2, 1981, and opened its first office in Apples, [[Switzerland]]. <ref> Logitec, [http://www.logitech.com/index.cfm/about/logitech_story/&cl=us,en "The Logitec Story"], Logitech website, accessed June 2009.</ref>
Logitech's first commercially successful product was the computer mouse, a "pointing" device that served as a navigation aid for a graphical computer interface. In 1982, the company introduced the P4 Mouse, the company’s first hardware device. In Sept. 1986, the company moved its Swiss headquarters from Apples to Romanel. The initially modest, but ever-growing mice sales paved the way for up-and-coming Logitech to begin expanding its global operations and worldwide presence: in April 1988, Logitech Ireland was created. {{fact}}
In July 1988, Logitech decided to go public to help finance its growth, as well as consolidate its manufaturing strategies in China and begin to move beyond mice production and begin marketing other types of computer peripherals. That same year, the company introduced a handheld scanner, the first of several varieties of scanners it would eventually manufacture. In 1992, Logitech introduced FotoMan, an early digital still camera that sold for just under $1,000. Also in 1992, Logitech brought to market AudioMan, a speaker/microphone that enabled people to insert audio clips into certain applications. And in 1994, the company introduced WingMan, its first gaming peripheral – a joystick – for a growing PC game market. In 1995, Logitech launched VideoMan, a Web camera on a flexible arm. In February 1998, Guerrino De Luca became Logitech’s CEO. That same year, the company acquired the hardware division of '''Connectix''', the manufacturer of the QuickCam line of webcams.{{fact}}
Since then, Logitech has been undertaking a series of important joint ventures and business associations that have allowed it to become involved in the development of PC speakers, headsets for gaming platforms and mobile phones, a line of speakers and headphones for the iPod and other portable music devices, as well as a vast array of wireless music products. {{ract}}
To this day, Logitech has sold more than 700 million mice, and its product lines extend into keyboards, Web cameras, voice headsets, speakers, headphones, game controllers and remote controls<ref> Logitech, [http://www.logitech.com/lang/pdf/logitech_history_2006.pdf "Logitech Profile and History"], ''Logitech Website'', PDF Document, pgs 1-5, Accessed December 2008</ref>
===Historical financial information===
===Historical Financial InformationAll information is presented in U.S. dollars, unless indicated otherwise. <ref> Logitech, [http://ir.logitech.com/documents.cfm?cl=us,en "2008 Logitech Annual Report: Historical Financial Information years 2004-2007"], pg.22, taken from the ''Logitech Website'', Accessed December 2008</ref>=== (All information is presented in USD, unless indicated otherwise)
<table border="1">
=== Business Strategy strategy===
== Political and Public Influence ==
== Political Contributions ==
== Lobbying =Political contributions===
== Corporate Accountability =Lobbying===
==Corporate accountability== Logitech considers itself a "responsible global corporate citizen" that recognizes "the importance of conserving the earth’s precious natural resources to protect the planet", thus engaging "in a process of ongoing improvement to sustain and protect the environment"<ref>Logitech, [http://www.logitech.com/index.cfm/169/4842&cl=us,en "Logitech's social and environmental reponsibility policies"], ''Logitech Website''', Accessed December 2008</ref> .
[http://www.logitech.com/index.cfm/169/4844&cl=us,en To learn more about Logitech's Environmental Responsibility activities please click here]
Logitech also recognizes having an important responsibility towards its employees, suppliers and partners, as well as towards the communities in which it operates. To comply with such responsibilities, it is an active member and supporter of the [http://www.eicc.info/code.html EICC], or Electronic Industry Code of Conduct<ref>Electronic Industry Citizenshit Coalition,[http://www.eicc.info/code.html "Electronic Industry Code of Conduct"], Website accessed December 2008</ref>, a global rule-book adopted and implemented by some of the world’s major electronics brands and their suppliers. The goal is to improve conditions in the electronics supply chain.
=== Labor ===
=== Human Rights rights===
 === Environment ===
Logitech's Web site claims compliance with the Social and Environmental Code of Conduct (EICC)[http://www.eicc.info/], which includes internal policy making and staff training about the issues of environmental protection, health and safety, and fair labor practices.
== Logitech in the Current Economy a faltering economy (''July 2009'')==
At the end of December 2008, Logitech reported a 15% drop (to $627 million) in sales <ref>Hesseldahl, Arik. "Logitech's Crummy Earnings: A Bad Omen." Business Week Online 21 Jan. 2009: 2-2. Print.</ref>. A recent ''Business Week Online'' article posited that consumers are “trading down” this year<ref>Hesseldahl, Arik. "Logitech's Crummy Earnings: A Bad Omen." Business Week Online 21 Jan. 2009: 2-2. Print.</ref>, and predicted Logitech’s sales would continue to fall in 2009.
==Governance==
'''===Board of Directors'''==={{fact}}*[[Guerrino De Luca]]: Chairman of the Board, Chairman of Committee for Board Compensation, Chairman of Nominating Committee*[[Daniel Borel]]*[[Matthew Bousquette]]*[[Erh-Hsun Chang]]*[[Kee-Lock Chua]]*[[Sally Davis]]*[[Richard Laube]]*[[Robert Malcom]]*[[Gerald P. Quindlen]]*[[Monika Ribar]]
*Guerrino De Luca: Chairman of the Board, Chairman of Committee for Board Compensation, Chairman of Nominating Committee*Daniel Borel*Matthew Bousquette*Erh-Hsun Chang*Kee-Lock Chua*Sally Davis*Richard Laube*Robert Malcom*Gerald P. Quindlen*Monika Ribar '''===Senior Management'''===
*Gerald P. Quindlen<ref>Hesseldahl, Arik. "Logitech's Crummy Earnings: A Bad Omen." Business Week Online 21 Jan. 2009: 2-2. Print.</ref><ref>"Logitech Eliminates 550+ Jobs After Sales, Profits Flag In Q3." TWICE: This Week in Consumer Electronics 26 Jan. 2009: 49-49. Print.</ref>.
*[[Mark J. Hawkins]]*[[David Henry ]]*[[Junien Labrousse]]*[[L. Joseph Sullivan]]
==Contact Informationinformation== *'''Corporate Offices''' Americas Headquarters 6505 Kaiser Dr.
'''Corporate Offices'''<br>
Americas Headquarters<br>
6505 Kaiser Dr.<br>
Fremont, CA 94555 USA
Phone: +1 510-795-8500<br>Website: [http://www.logitech.com/ www.logitech.com]
Website: [www.logitech.com]==Articles and resources==
==Articles and Resources=====Books on the Companycompany===
===Related SourceWatch Articlesarticles===
===Sources===
<references/>
===External Resourcesresources=== ===External articles=== 
===External Articles===[[Category:Corporations]] [[category:United States]]
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